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Lightweight Materials Market Size, Share & Trends Analysis Report By Product (Aluminum, High Strength Steel, Titanium, Magnesium), By Application (Automotive, Aviation), By Region, And Segment Forecasts, 2025 - 2030- Product Image
Lightweight Materials Market Size, Share & Trends Analysis Report By Product (Aluminum, High Strength Steel, Titanium, Magnesium), By Application (Automotive, Aviation), By Region, And Segment Forecasts, 2025 - 2030- Product Image
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Lightweight Materials Market Size, Share & Trends Analysis Report By Product (Aluminum, High Strength Steel, Titanium, Magnesium), By Application (Automotive, Aviation), By Region, And Segment Forecasts, 2025 - 2030

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    Report

  • 100 Pages
  • November 2024
  • Region: Global
  • Grand View Research
  • ID: 6032391
Description Jump to:
The global lightweight materials market size is expected to reach USD 339.8 billion in 2030 and is projected to grow at a CAGR of 9.6% from 2025 to 2030. Rising material innovation in aviation is expected to improve demand for lightweight materials. The design of an aircraft must take into consideration a number of factors, such as life-cycle cost, strength-to-weight ratio, fatigue life, fracture toughness, corrosion resistance, and reliability. The importance of these factors governs the choice of materials used in the manufacture of aircraft.

Initially, metals were used to manufacture aircraft as they provide necessary tensile strength to the aircraft. The invention of drones or fighter planes with good aerodynamic balance and fuel efficiency has led to usage of lightweight materials in the aviation industry.

The lightweight materials market is dominated by aluminum, high strength steel, and polymers & composites and are expected to continue doing so in future. Their increased application in various fields is expected to augment demand.

Currently, high strength steel and aluminum are more popular; however, polymers and composites are expected to gain more popularity on account of reduction in prices and increased production of polymers and composites.

Alumina, iron ore, nickel, rutile, and polyacrylonitrile are key raw materials used for manufacturing lightweight materials. These raw materials are further processed to obtain lightweight materials. alumina, rutile, iron ore, and nickel are naturally found in ores whereas polyacrylonitrile, which is one of the major raw materials for carbon composites, is manufactured from petroleum.

Lightweight Materials Market Report Highlights

  • The polymers & composites segment accounted for a dominant revenue share of 77.3% in 2024 due to properties these materials offer, such as high strength-to-weight ratios, corrosion resistance, and application versatility
  • The automotive segment accounted for the largest revenue share in the global market in 2024, highlighting the industry's focus on reducing vehicle weight to enhance fuel efficiency and lower emissions
  • The energy segment is estimated to witness the fastest growth over the forecast period
  • North America accounted for a significant revenue share in the global market in 2024, driven by strong demand by key industries such as aerospace and automotive
  • The High Strength Steel (HSS) segment is expected to advance at the fastest CAGR during the forecast period due to a surge in demand for materials that offer enhanced strength while maintaining a relatively low weight

Why should you buy this report?

  • Comprehensive Market Analysis: Gain detailed insights into the global market across major regions and segments.
  • Competitive Landscape: Explore the market presence of key players worldwide.
  • Future Trends: Discover the pivotal trends and drivers shaping the future of the global market.
  • Actionable Recommendations: Utilize insights to uncover new revenue streams and guide strategic business decisions.

This report addresses:

  • Market intelligence to enable effective decision-making
  • Market estimates and forecasts from 2018 to 2030
  • Growth opportunities and trend analyses
  • Segment and regional revenue forecasts for market assessment
  • Competition strategy and market share analysis
  • Product innovation listing for you to stay ahead of the curve
  • COVID-19's impact and how to sustain in these fast-evolving markets


This product will be delivered within 1-3 business days.

Table of Contents

Chapter 1. Methodology and Scope
1.1. Market Segmentation and Scope
1.2. Research Methodology
1.2.1. Information Procurement
1.3. Information or Data Analysis
1.4. Methodology
1.5. Research Scope and Assumptions
1.6. Market Formulation & Validation
1.7. Country Based Segment Share Calculation
1.8. List of Data Sources
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segment Outlook
2.3. Competitive Insights
Chapter 3. Lightweight Materials Market Variables, Trends, & Scope
3.1. Market Lineage Outlook
3.2. Market Dynamics
3.2.1. Market Drivers Analysis
3.2.2. Market Restraints Analysis
3.2.3. Industry Challenges
3.3. Lightweight Materials Market Analysis Tools
3.3.1. Porter’s Analysis
3.3.1.1. Bargaining power of the suppliers
3.3.1.2. Bargaining power of the buyers
3.3.1.3. Threats of substitution
3.3.1.4. Threats from new entrants
3.3.1.5. Competitive rivalry
3.3.2. PESTEL Analysis
3.3.2.1. Political Landscape
3.3.2.2. Economic and Social Landscape
3.3.2.3. Technological Landscape
3.3.2.4. Environmental Landscape
3.3.2.5. Legal Landscape
3.4. Pain Point Analysis
Chapter 4. Lightweight Materials Market: Product Estimates & Trend Analysis
4.1. Segment Dashboard
4.2. Lightweight Materials Market: Product Movement Analysis, USD Billion, 2024 & 2030
4.3. Aluminum
4.3.1. Aluminum Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion) (Kilo Tons)
4.4. High Strength Steel
4.4.1. High Strength Steel Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion) (Kilo Tons)
4.5. Titanium
4.5.1. Titanium Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion) (Kilo Tons)
4.6. Magnesium
4.6.1. Magnesium Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion) (Kilo Tons)
4.7. Polymers & Composites
4.7.1. Polymers & Composites Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion) (Kilo Tons)
4.8. Others
4.8.1. Others Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion) (Kilo Tons)
Chapter 5. Lightweight Materials Market: Application Estimates & Trend Analysis
5.1. Segment Dashboard
5.2. Lightweight Materials Market: Application Movement Analysis, USD Billion, 2024 & 2030
5.3. Automotive
5.3.1. Automotive Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion) (Kilo Tons)
5.4. Aviation
5.4.1. Aviation Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion) (Kilo Tons)
5.5. Energy
5.5.1. Energy Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion) (Kilo Tons)
5.6. Others
5.6.1. Others Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion) (Kilo Tons)
Chapter 6. Lightweight Materials Market: Regional Estimates & Trend Analysis
6.1. Lightweight Materials Market Share, By Region, 2024 & 2030, USD Billion
6.2. North America
6.2.1. North America Lightweight Materials Market Estimates and Forecasts, 2018 - 2030 (USD Billion) (Kilo Tons)
6.2.2. U.S.
6.2.2.1. U.S. Lightweight Materials Market Estimates and Forecasts, 2018 - 2030 (USD Billion) (Kilo Tons)
6.2.3. Canada
6.2.3.1. Canada Lightweight Materials Market Estimates and Forecasts, 2018 - 2030 (USD Billion) (Kilo Tons)
6.3. Europe
6.3.1. Europe Lightweight Materials Market Estimates and Forecasts, 2018 - 2030 (USD Billion) (Kilo Tons)
6.3.2. UK
6.3.2.1. UK Lightweight Materials Market Estimates and Forecasts, 2018 - 2030 (USD Billion) (Kilo Tons)
6.3.3. Germany
6.3.3.1. Germany Lightweight Materials Market Estimates and Forecasts, 2018 - 2030 (USD Billion) (Kilo Tons)
6.3.4. France
6.3.4.1. France Lightweight Materials Market Estimates and Forecasts, 2018 - 2030 (USD Billion) (Kilo Tons)
6.4. Asia Pacific
6.4.1. Asia Pacific Lightweight Materials Market Estimates and Forecasts, 2018 - 2030 (USD Billion) (Kilo Tons)
6.4.2. China
6.4.2.1. China Lightweight Materials Market Estimates and Forecasts, 2018 - 2030 (USD Billion) (Kilo Tons)
6.4.3. Japan
6.4.3.1. Japan Lightweight Materials Market Estimates and Forecasts, 2018 - 2030 (USD Billion) (Kilo Tons)
6.4.4. India
6.4.4.1. India Lightweight Materials Market Estimates and Forecasts, 2018 - 2030 (USD Billion) (Kilo Tons)
6.4.5. South Korea
6.4.5.1. South Korea Lightweight Materials Market Estimates and Forecasts, 2018 - 2030 (USD Billion) (Kilo Tons)
6.4.6. Australia
6.4.6.1. Australia Lightweight Materials Market Estimates and Forecasts, 2018 - 2030 (USD Billion) (Kilo Tons)
6.5. Latin America
6.5.1. Latin America Lightweight Materials Market Estimates and Forecasts, 2018 - 2030 (USD Billion) (Kilo Tons)
6.5.2. Brazil
6.5.2.1. Brazil Lightweight Materials Market Estimates and Forecasts, 2018 - 2030 (USD Billion) (Kilo Tons)
6.5.3. Mexico
6.5.3.1. Mexico Lightweight Materials Market Estimates and Forecasts, 2018 - 2030 (USD Billion) (Kilo Tons)
6.6. Middle East and Africa
6.6.1. Middle East and Africa Lightweight Materials Market Estimates and Forecasts, 2018 - 2030 (USD Billion) (Kilo Tons)
6.6.2. South Africa
6.6.2.1. South Africa Lightweight Materials Market Estimates and Forecasts, 2018 - 2030 (USD Billion) (Kilo Tons)
6.6.3. Saudi Arabia
6.6.3.1. Saudi Arabia Lightweight Materials Market Estimates and Forecasts, 2018 - 2030 (USD Billion) (Kilo Tons)
6.6.4. UAE
6.6.4.1. UAE Lightweight Materials Market Estimates and Forecasts, 2018 - 2030 (USD Billion) (Kilo Tons)
Chapter 7. Competitive Landscape
7.1. Company Categorization
7.2. Company Market Positioning
7.3. Company Heat Map Analysis
7.4. Company Profiles
7.4.1. SABIC
7.4.1.1. Participant’s Overview
7.4.1.2. Financial Performance
7.4.1.3. Product Benchmarking
7.4.1.4. Recent Developments/ Strategic Initiatives
7.4.2. Cytec Solvay Group
7.4.2.1. Participant’s Overview
7.4.2.2. Financial Performance
7.4.2.3. Product Benchmarking
7.4.2.4. Recent Developments/ Strategic Initiatives
7.4.3. Aleris International
7.4.3.1. Participant’s Overview
7.4.3.2. Financial Performance
7.4.3.3. Product Benchmarking
7.4.3.4. Recent Developments/ Strategic Initiatives
7.4.4. Formosa Plastics Group
7.4.4.1. Participant’s Overview
7.4.4.2. Financial Performance
7.4.4.3. Product Benchmarking
7.4.4.4. Recent Developments/ Strategic Initiatives
7.4.5. Alcoa Inc
7.4.5.1. Participant’s Overview
7.4.5.2. Financial Performance
7.4.5.3. Product Benchmarking
7.4.5.4. Recent Developments/ Strategic Initiatives
7.4.6. PPG Industries Inc.
7.4.6.1. Participant’s Overview
7.4.6.2. Financial Performance
7.4.6.3. Product Benchmarking
7.4.6.4. Recent Developments/ Strategic Initiatives
7.4.7. Toray Industries Inc.
7.4.7.1. Participant’s Overview
7.4.7.2. Financial Performance
7.4.7.3. Product Benchmarking
7.4.7.4. Recent Developments/ Strategic Initiatives
7.4.8. Precision Castparts Corp.
7.4.8.1. Participant’s Overview
7.4.8.2. Financial Performance
7.4.8.3. Product Benchmarking
7.4.8.4. Recent Developments/ Strategic Initiatives
7.4.9. Allegheny Technologies Incorporated
7.4.9.1. Participant’s Overview
7.4.9.2. Financial Performance
7.4.9.3. Product Benchmarking
7.4.9.4. Recent Developments/ Strategic Initiatives
7.4.10. Evonik Industries
7.4.10.1. Participant’s Overview
7.4.10.2. Financial Performance
7.4.10.3. Product Benchmarking
7.4.10.4. Recent Developments/ Strategic Initiatives
7.4.11. Novelis Inc.
7.4.11.1. Participant’s Overview
7.4.11.2. Financial Performance
7.4.11.3. Product Benchmarking
7.4.11.4. Recent Developments/ Strategic Initiatives
7.4.12. Bayer AG
7.4.12.1. Participant’s Overview
7.4.12.2. Financial Performance
7.4.12.3. Product Benchmarking
7.4.12.4. Recent Developments/ Strategic Initiatives
List of Tables
Table 1 Global lightweight materials market size estimates & forecasts 2018 - 2030 (USD Billion) (Kilo Tons)
Table 2 Global lightweight materials market, by region 2018 - 2030 (USD Billion) (Kilo Tons)
Table 3 Global lightweight materials market, by product 2018 - 2030 (USD Billion) (Kilo Tons)
Table 4 Global lightweight materials market, by application 2018 - 2030 (USD Billion) (Kilo Tons)
Table 5 North America lightweight materials market, by country 2018 - 2030 (USD Billion) (Kilo Tons)
Table 6 North America lightweight materials market, by product 2018 - 2030 (USD Billion) (Kilo Tons)
Table 7 North America lightweight materials market, by application 2018 - 2030 (USD Billion) (Kilo Tons)
Table 8 U.S. lightweight materials market, by product 2018 - 2030 (USD Billion) (Kilo Tons)
Table 9 U.S. lightweight materials market, by application 2018 - 2030 (USD Billion) (Kilo Tons)
Table 10 Canada lightweight materials market, by product 2018 - 2030 (USD Billion) (Kilo Tons)
Table 11 Canada lightweight materials market, by application 2018 - 2030 (USD Billion) (Kilo Tons)
Table 12 Europe lightweight materials market, by country 2018 - 2030 (USD Billion) (Kilo Tons)
Table 13 Europe lightweight materials market, by product 2018 - 2030 (USD Billion) (Kilo Tons)
Table 14 Europe lightweight materials market, by application 2018 - 2030 (USD Billion) (Kilo Tons)
Table 15 UK lightweight materials market, by product 2018 - 2030 (USD Billion) (Kilo Tons)
Table 16 UK lightweight materials market, by application 2018 - 2030 (USD Billion) (Kilo Tons)
Table 17 Germany lightweight materials market, by product 2018 - 2030 (USD Billion) (Kilo Tons)
Table 18 Germany lightweight materials market, by application 2018 - 2030 (USD Billion) (Kilo Tons)
Table 19 France lightweight materials market, by product 2018 - 2030 (USD Billion) (Kilo Tons)
Table 20 France lightweight materials market, by application 2018 - 2030 (USD Billion) (Kilo Tons)
Table 21 Asia Pacific lightweight materials market, by country 2018 - 2030 (USD Billion) (Kilo Tons)
Table 22 Asia Pacific lightweight materials market, by product 2018 - 2030 (USD Billion) (Kilo Tons)
Table 23 Asia Pacific lightweight materials market, by application 2018 - 2030 (USD Billion) (Kilo Tons)
Table 24 China lightweight materials market, by product 2018 - 2030 (USD Billion) (Kilo Tons)
Table 25 China lightweight materials market, by application 2018 - 2030 (USD Billion) (Kilo Tons)
Table 26 India lightweight materials market, by product 2018 - 2030 (USD Billion) (Kilo Tons)
Table 27 India lightweight materials market, by application 2018 - 2030 (USD Billion) (Kilo Tons)
Table 28 Japan lightweight materials market, by product 2018 - 2030 (USD Billion) (Kilo Tons)
Table 29 Japan lightweight materials market, by application 2018 - 2030 (USD Billion) (Kilo Tons)
Table 30 South Korea lightweight materials market, by product 2018 - 2030 (USD Billion) (Kilo Tons)
Table 31 South Korea lightweight materials market, by application 2018 - 2030 (USD Billion) (Kilo Tons)
Table 32 Australia lightweight materials market, by product 2018 - 2030 (USD Billion) (Kilo Tons)
Table 33 Australia lightweight materials market, by application 2018 - 2030 (USD Billion) (Kilo Tons)
Table 34 Latin America lightweight materials market, by country 2018 - 2030 (USD Billion) (Kilo Tons)
Table 35 Latin America lightweight materials market, by product 2018 - 2030 (USD Billion) (Kilo Tons)
Table 36 Latin America lightweight materials market, by application 2018 - 2030 (USD Billion) (Kilo Tons)
Table 37 Brazil lightweight materials market, by product 2018 - 2030 (USD Billion) (Kilo Tons)
Table 38 Brazil lightweight materials market, by application 2018 - 2030 (USD Billion) (Kilo Tons)
Table 39 Mexico lightweight materials market, by product 2018 - 2030 (USD Billion) (Kilo Tons)
Table 40 Mexico lightweight materials market, by application 2018 - 2030 (USD Billion) (Kilo Tons)
Table 41 MEA lightweight materials market, by country 2018 - 2030 (USD Billion) (Kilo Tons)
Table 42 MEA lightweight materials market, by product 2018 - 2030 (USD Billion) (Kilo Tons)
Table 43 MEA lightweight materials market, by application 2018 - 2030 (USD Billion) (Kilo Tons)
Table 44 UAE lightweight materials market, by product 2018 - 2030 (USD Billion) (Kilo Tons)
Table 45 UAE lightweight materials market, by application 2018 - 2030 (USD Billion) (Kilo Tons)
Table 46 Saudi Arabia lightweight materials market, by product 2018 - 2030 (USD Billion) (Kilo Tons)
Table 47 Saudi Arabia lightweight materials market, by application 2018 - 2030 (USD Billion) (Kilo Tons)
Table 48 South Africa lightweight materials market, by product 2018 - 2030 (USD Billion) (Kilo Tons)
Table 49 South Africa lightweight materials market, by application 2018 - 2030 (USD Billion) (Kilo Tons)
List of Figures
Fig. 1 Lightweight Materials Market Segmentation
Fig. 2 Market research process
Fig. 3 Information procurement
Fig. 4 Primary research pattern
Fig. 5 Market research approaches
Fig. 6 Value chain-based sizing & forecasting
Fig. 7 Parent market analysis
Fig. 8 Market formulation & validation
Fig. 9 Lightweight materials market snapshot
Fig. 10 Lightweight materials market segment snapshot
Fig. 11 Lightweight materials market competitive landscape snapshot
Fig. 12 Market research process
Fig. 13 Market driver relevance analysis (Current & future impact)
Fig. 14 Market restraint relevance analysis (Current & future impact)
Fig. 15 Lightweight materials market, product outlook key takeaways (USD Billion)
Fig. 16 Lightweight materials market product movement analysis, 2024 & 2030 (USD Billion)
Fig. 17 Aluminum market revenue estimates and forecasts, 2018 - 2030 (USD Billion)
Fig. 18 High Strength Steel market revenue estimates and forecasts, 2018 - 2030 (USD Billion)
Fig. 19 Titanium market revenue estimates and forecasts, 2018 - 2030 (USD Billion)
Fig. 20 Magnesium market revenue estimates and forecasts, 2018 - 2030 (USD Billion)
Fig. 21 Polymers & Composites market revenue estimates and forecasts, 2018 - 2030 (USD Billion)
Fig. 22 Others market revenue estimates and forecasts, 2018 - 2030 (USD Billion)
Fig. 23 Lightweight materials market: Application outlook key takeaways (USD Billion)
Fig. 24 Lightweight materials market: Application movement analysis, 2024 & 2030 (USD Billion)
Fig. 25 Automotive market revenue estimates and forecasts, 2018 - 2030 (USD Billion)
Fig. 26 Aviation market revenue estimates and forecasts, 2018 - 2030 (USD Billion)
Fig. 27 Energy market revenue estimates and forecasts, 2018 - 2030 (USD Billion)
Fig. 28 Others market revenue estimates and forecasts, 2018 - 2030 (USD Billion)
Fig. 29 Regional marketplace: Key takeaways
Fig. 30 Lightweight materials market: Regional outlook, 2024 & 2030 (USD Billion)
Fig. 31 North America Lightweight materials market estimates and forecasts, 2018 - 2030 (USD Billion)
Fig. 32 U.S. Lightweight materials market estimates and forecasts, 2018 - 2030 (USD Billion)
Fig. 33 Canada Lightweight materials market estimates and forecasts, 2018 - 2030 (USD Billion)
Fig. 34 Europe Lightweight materials market estimates and forecasts, 2018 - 2030 (USD Billion)
Fig. 35 UK Lightweight materials market estimates and forecasts, 2018 - 2030 (USD Billion)
Fig. 36 Germany Lightweight materials market estimates and forecasts, 2018 - 2030 (USD Billion)
Fig. 37 France Lightweight materials market estimates and forecasts, 2018 - 2030 (USD Billion)
Fig. 38 Asia Pacific Lightweight materials market estimates and forecasts, 2018 - 2030 (USD Billion)
Fig. 39 Japan Lightweight materials market estimates and forecasts, 2018 - 2030 (USD Billion)
Fig. 40 China Lightweight materials market estimates and forecasts, 2018 - 2030 (USD Billion)
Fig. 41 India Lightweight materials market estimates and forecasts, 2018 - 2030 (USD Billion)
Fig. 42 Australia Lightweight materials market estimates and forecasts, 2018 - 2030 (USD Billion)
Fig. 43 South Korea Lightweight materials market estimates and forecasts, 2018 - 2030 (USD Billion)
Fig. 44 Latin America Lightweight materials market estimates and forecasts, 2018 - 2030 (USD Billion)
Fig. 45 Brazil Lightweight materials market estimates and forecasts, 2018 - 2030 (USD Billion)
Fig. 46 Mexico Lightweight materials market estimates and forecasts, 2018 - 2030 (USD Billion)
Fig. 47 MEA Lightweight materials market estimates and forecasts, 2018 - 2030 (USD Billion)
Fig. 48 Saudi Arabia Lightweight materials market estimates and forecasts, 2018 - 2030 (USD Billion)
Fig. 49 UAE Lightweight materials market estimates and forecasts, 2018 - 2030 (USD Billion)
Fig. 50 South Africa Lightweight materials market estimates and forecasts, 2018 - 2030 (USD Billion)
Fig. 51 Strategy framework
Fig. 52 Company Categorization

Companies Mentioned

  • SABIC
  • Cytec Solvay Group
  • Aleris International
  • Formosa Plastics Group
  • Alcoa Inc.
  • PPG Industries Inc.
  • Toray Industries Inc.
  • Precision Castparts Corp.
  • Allegheny Technologies Incorporated
  • Evonik Industries
  • Novelis Inc.
  • Bayer AG

Methodology

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Table Information

Report AttributeDetails
No. of Pages100
PublishedNovember 2024
Forecast Period2024 - 2030
Estimated Market Value ( USD ) in 2024 $ 197.1 Billion
Forecasted Market Value ( USD ) by 2030 $ 339.8 Billion
Compound Annual Growth Rate9.6%
Regions CoveredGlobal
No. of Companies Mentioned12

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